Payabli ranked in additional categories within the Inc 5000 list, including #11 in Miami, #12 in Financial Services, and #22 in Florida.
MIAMI , Aug. 13, 2024 /PRNewswire-PRWeb/ -- Inc. revealed today that Payabli ranks No. 223 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000. Payabli also ranked in additional categories within the Inc 5000 list, including #11 in Miami, #12 in Financial Services, and #22 in Florida.
"Making the Inc 5000 was a bucket list accomplishment for William and me. This incredible honor is a testament to our Team's steadfast devotion to supporting the Entrepreneurial Economy by helping Software companies become Payments Companies. We are grateful to all of our loyal and inspiring Software Partners that believe in Payabli and have helped us achieve this milestone. " said Joseph Elias Phillips, Payabli's Co-Founder and Co-CEO.
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year's Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc. 5000 list," says Mike Hofman, who recently joined Inc. as editor-in-chief. "To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year's honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce."
Payabli's API-first payments infrastructure allows software companies to make payments a core part of their business model allowing them to create seamless payment experiences with cutting-edge payment acceptance, payment issuance, and payment operations tools. "Payabli is experiencing massive growth. We grew over 340% in 2023 and have grown by over 300% Year over Year. The momentum we're experiencing is fueled by the tectonic shift where trillions of dollars of commerce are moving from legacy payment technology and distribution and becoming embedded within the system of record vertical SaaS platforms. Payabli exists to help these software companies quickly and easily embed and monetize Payments," stated William Corbera, Payabli's Co-Founder and Co-CEO.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Payabli
Payabli is a next-generation Payments Infrastructure and Monetization Platform that helps software companies make Payments a core part of their business model through a single developer-friendly API. Built by payment industry and SaaS veterans, Payabli powers software companies with innovative payment acceptance and issuance solutions, powerful payment operations tools, and the ability to unlock lucrative economics. Payabli makes Software companies Payments companies by giving them PayFac capabilities without the heavy lift, administrative burden, and exorbitant cost of becoming a payment facilitator. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses. Payabli has raised $32,000,000 in venture capital from respected fintech investors: QED, TTV Capital, Fika Ventures, and Bling Capital.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.
CONTACT:
Payabli PR
Camille Phillips | 949.742.1389
Payabli Marketing
Marielle Mekkaoui
Media Contact
Camille Phillips, Payabli, 1 949.742.1389, [email protected], https://www.payabli.com/
Marielle Mekkaoui, Payabli, [email protected]
SOURCE Payabli
Share this article